Workflow
Broker Warrants
icon
Search documents
Sokoman Minerals Closes $26 Million "Bought Deal" Private Placement, including Full Exercise of Over-Allotment
Newsfile· 2025-10-31 13:46
Core Points - Sokoman Minerals Corp. has successfully closed a bought deal private placement offering, raising gross proceeds of $26,221,750 [1][2] - The offering included the sale of 53,000,000 common shares and 60,950,000 flow-through shares, with the latter qualifying as "flow-through mining expenditures" under the Tax Act [8] - The proceeds will be allocated for property acquisitions, working capital, and general corporate purposes, with specific expenditures to be incurred by December 31, 2026 [2] Offering Details - The offering was led by Canaccord Genuity Corp. and BMO Capital Markets, with a cash commission of $1,073,305 paid to the underwriters and 3,679,105 broker warrants issued [3] - A director of the company participated in the offering, acquiring 130,000 common shares, which is classified as a related party transaction but is exempt from certain formal requirements [4] - The common shares and flow-through shares are subject to a four-month hold period under Canadian securities laws and are pending final approval from the TSX Venture Exchange [5] Financial Breakdown - The common shares were sold at a price of $0.19 per share, generating gross proceeds of $10,070,000, while the flow-through shares were sold at $0.265 per share, generating gross proceeds of $16,151,750 [8]
Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent's 15% Over-Allotment Option
Globenewswire· 2025-10-03 13:39
Core Viewpoint - Q-Gold Resources Ltd. has successfully closed a private placement offering of subscription receipts, raising a total of $11,500,000 through the issuance of 76,666,667 subscription receipts at a price of $0.15 each, including the full exercise of the agent's over-allotment option [1][2][6] Offering Details - The subscription receipts were issued under a subscription receipt agreement and the gross proceeds, after deducting the agent's fees, are held in escrow pending the satisfaction of specific conditions [2][5] - Each subscription receipt will automatically convert into one unit upon meeting the escrow release conditions by November 14, 2025 [3] - Each unit consists of one common share and half a warrant, with the warrant allowing the purchase of one common share at $0.20 until October 3, 2027 [4] Financial Aspects - The agent is entitled to a cash commission of 6% of the gross proceeds, amounting to $690,000, with half paid immediately and the remainder held in escrow [6][8] - The net proceeds from the offering will be used for financing the acquisition of the Quartz Mountain Project, exploration programs, and general corporate purposes [8] Acquisition Context - The offering is linked to the proposed acquisition of Alamos Gold Inc.'s interest in the Quartz Mountain Project, with the completion of the acquisition subject to customary closing conditions [6][9][10] - Insider participation in the offering includes a director of the company subscribing for 2,000,000 subscription receipts, which is classified as a related party transaction [11] Regulatory Compliance - The offering is subject to final approval from the TSX Venture Exchange, and the company is working to meet all necessary regulatory requirements [9][10]
Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option
Globenewswire· 2025-10-03 13:39
Core Viewpoint - Q-Gold Resources Ltd. has successfully closed a private placement offering of subscription receipts, raising a total of $11,500,000 through the issuance of 76,666,667 subscription receipts at a price of $0.15 each, including the full exercise of the over-allotment option by the agent [1][2]. Group 1: Offering Details - The subscription receipts were issued under a subscription receipt agreement and the gross proceeds, after deducting the agent's fees, have been placed in escrow pending the satisfaction of certain conditions [2][9]. - Each subscription receipt will automatically convert into one unit upon meeting the escrow release conditions by November 14, 2025 [3]. - Each unit consists of one common share and half a warrant, with the warrant allowing the purchase of one common share at $0.20 until October 3, 2027 [4]. Group 2: Financial Aspects - The agent is entitled to a cash commission of 6% of the gross proceeds, amounting to $690,000, with half paid immediately and the remainder contingent on the completion of the acquisition [7]. - The net proceeds from the offering will be used for financing the acquisition of the Quartz Mountain Project, exploration programs, and general corporate purposes [9]. Group 3: Acquisition and Conditions - The acquisition of the Quartz Mountain Project from Alamos Gold Inc. is expected to close by the escrow release deadline, subject to customary closing conditions [10][11]. - Insider participation in the offering includes a subscription of 2,000,000 subscription receipts by a director of the company, which is considered a related party transaction [12].
Hi-View Announces Closing of Second and Final Tranche of Oversubscribed Non-Brokered Flow Through Private Placement
Thenewswire· 2025-08-08 22:10
Core Viewpoint - Hi-View Resources Inc. has successfully closed the second and final tranche of its oversubscribed non-brokered flow-through private placement, raising a total of $441,670.95 through the issuance of 4,206,390 flow-through units [1][4]. Group 1: Private Placement Details - The second tranche consisted of 761,905 flow-through units priced at $0.105 per unit, generating gross proceeds of $80,000.02 [1]. - Each flow-through unit includes one flow-through share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.30 until August 8, 2028 [2]. - Finder's fees of 76,190 broker warrants were paid to eligible finders, each warrant also allowing the acquisition of one additional common share at the same price and expiration date [3]. Group 2: Use of Proceeds - The gross proceeds from the sale of the flow-through shares will be allocated to eligible "Canadian exploration expenses" qualifying as "flow-through mining expenditures" related to the company's projects in Canada [5]. Group 3: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region of northern British Columbia, with properties covering 9,749 hectares [9]. - The Golden Stranger project, part of its portfolio, is fully permitted with 45 drill-ready sites and has historical drilling highlights of 10 meters at 11.55 g/t gold [9]. - Recent sampling in 2024 yielded up to 111.5 g/t gold and 2,740 g/t silver, indicating significant exploration potential [9].